Tax Laws Amendment (2010 Measures No. 1) Act 2010 (Cth)

Tax Laws Amendment (2010 Measures No. 1) Act 2010

Act No. 56 of 2010 as amended

This compilation was prepared on 23 August 2011 taking into account amendments up to Act No. 41 of 2011

The text of any of those amendments not in force on that date is appended in the Notes section

The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing, Attorney‑General's Department, Canberra

Contents 1 Short title [see Note 1] 2 Commencement 3 Schedule(s) 4 Amendment of assessments

Schedule 1—Approved superannuation clearing house

Part 1—Main amendments Retirement Savings Accounts Act 1997 Superannuation Guarantee (Administration) Act 1992 Superannuation Industry (Supervision) Act 1993

Part 2—Amendments conditional on the Tax Laws Amendment (Confidentiality of Taxpayer Information) Act 2010 Income Tax Assessment Act 1936 Taxation Administration Act 1953

Part 3—Application provision

Schedule 2—Forestry managed investment schemes Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Taxation Administration Act 1953

Schedule 3—Managed investment trusts Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Income Tax (Transitional Provisions) Act 1997 Taxation Administration Act 1953

Schedule 4—25% entrepreneurs' tax offset Income Tax Assessment Act 1997

Schedule 5—Consolidation

Part 1—Use of the tax cost setting amount Division 1—Main amendments Income Tax Assessment Act 1997 Division 2—Foreign currency gains and losses Income Tax Assessment Act 1997 Division 3—Application and transitional provisions

Part 2—Group restructures Income Tax Assessment Act 1997

Part 3—Pre‑CGT proportions Income Tax Assessment Act 1997

Part 4—No double counting of amounts in ACA Income Tax Assessment Act 1997